The top investment adviser to rich Indians is asking its wealthy clients to desist from loading up on equities even as the nation’s stock indexes get back into bull territory. “We are maintaining the view that this is a very uncertain environment, and hence, investors must not make impulsive decisions," Shobhit Mathur, a director at Kotak Investment Advisors Ltd., said in an interview. “We are asking clients to keep a close watch on the situation for signs of improvement or worsening." Indian equities entered technical bull market zone last week as India’s policy makers ramped up stimulus along with peers around the world to contain the fallout of virus pandemic.
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